Master of Science (Actuarial Management) - (Mixed mode or Coursework)

Program Overview

After the successful accreditation of its undergraduate Actuarial Science programmes, UCSI University is launching the MSc in Actuarial Management. This elevates UCSI’s offerings in the field of Actuarial Studies to the Graduate-Education level (curriculum covers all topics on the first four CAS/SOA exams

and programmes leads to a Master’s degree).

As a post-graduate programme, the MSc in Actuarial Management will have more emphasis on the theoretical fundamentals of the disciples involved. In addition, this Master’s programme offers two structures (C or B) to meet the different needs of learners with a first degree in the quantitative discipline.

is ideal for professionals such as mathematics teachers, engineers or economists who want a mid-career switch to the actuarial profession. Coursework (Structure C) will equip them with the essential technical knowledge to pursue the Society of Actuaries exams up to associate level. In addition, it provides essential management know-hows for technicists to succeed in ascending the corporate ladder.

Actuarial Science is an interdisciplinary programme, so inevitably, graduates from such programmes could lack theoretical depth.

is designed for those who already have a degree in or related to actuarial science and would like to boost their theoretical foundation and develop skills for research. It is ideal for those interested to venture into academia or a management role that conducts more rigorous investigative tasks.

This programme received a 100% graduate employability score in the Ministry of Higher

The MSc in Actuarial Management can be pursued full-time

Key Modules

1Structure C – Coursework

2Semester 1 (12 credit hours)

3Probability and Statistical Method

4Research Methods for Business and Management

5Life Contingency

6Actuarial Models

7Semester 2 (12 credit hours)

8Empirical Modelling for Actuary

9Insurance Business Practices

10Stochastic Process for Financial Economic

11Empirical Workshop

12Semester 3 (17 credit hours)

13Elective 1

14Elective 2

15Elective 3

16Research Project

17Structure B – Mixed Mode

18Semester 1

19Semester 2

20Elective

21Semester 3

22Research Thesis

23Electives

24GD 401 Quantitative Equity Portfolio Management

25GD 506 Stochastic Process for Financial Economic

26GD 403 Asset Liability management

27GM 502 Marketing Management

28GM 524 Ethics and Corporate Social Responsibility

29GM 512 Business Policy and Strategic Management

Entry Requirements

MASTER'S DEGREE BY COURSEWORK

Bachelor’s degree

i. A Bachelor’s degree with minimum CGPA of 2.50 out of 4.00 or its equivalent qualifications as accepted by the HEP Senate; OR

ii. A Bachelor’s degree with CGPA below 2.50 out of 4.00 or its equivalent qualifications can be accepted, subject to a minimum of 5 years of working experience in relevant field.

MASTER'S DEGREE BY MIXED MODE

i. A Bachelor’s degree with minimum CGPA of 2.75 out of 4.00 or its equivalent qualifications as accepted by the HEP Senate; OR

ii. A Bachelor’s degree not meeting CGPA of 2.75 but above the CGPA of 2.50 out of 4.00 or its equivalent qualifications may be accepted, subject to the HEP rigorous internal assessment (may include tests, interviews or portfolio); OR

iii. A Bachelor’s degree below a CGPA of 2.50 out of 4.00 or its equivalent qualifications may be accepted, subject to a minimum of 5 years of working experience in relevant field.

The requirement to pass Mathematics and English at SPM level in the first and second items can be waived should the qualifications contain Mathematics and English subjects with equivalent/higher achievement.

*Related disciplines refer to areas such as Finance, Mathematics, Statistics, Banking, or even Engineering, all of which are courses with a heavy emphasis on mathematics, statistics and/or finance.

Examples of areas that do not meet this requirements are medicine, pharmacy, logistics, IT, business administration, management, marketing, and social science related courses.

English Language Requirements

For International Students

TOEFL Essentials (Online)

Pearson Test of English

Cambridge English Qualifications and Tests

(i. B1 Preliminary, B2 First, C1 Advanced, C2 Proficiency)

(ii. Linguaskill Online)

(iii. Occupational English Test (OET) (Conventional/Online))

O-Level English/IGCSE

Certified Intensive English Programme (CIEP) by ELS

Minimum score of 109

International applicants who do not meet the respective academic programme’s English language requirements will need to improve their proficiency by enrolling in the English for Tertiary Education programme.

Placement into the various levels of the English for Tertiary Education programme depends on the English language qualifications students have at the point of admission and/or the outcome of the English Placement Test.

Applicants who have met the respective academic programme’s English language requirements may be advised by the Faculty to improve their proficiency by undertaking additional English proficiency courses.

Master of Science (Actuarial Management) - (Mixed mode or Coursework)

Program Overview

Key Modules

Entry Requirements

Career Prospects

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